YESBANK : TAX REFUND OF RS 879 CR

• Bank received a consolidated order giving effect (OGE) from the Jurisdictional Assessing Officer (JAO) determining a refund of ~₹879 Cr. • The refund comprises interest income determined u/s 244A of the Act and tax benefit of a certain expense claimed in the income-tax return. • The cumulative quantum of both items (~₹120 Cr threshold) exceeds the materiality threshold as per amended Listing Regulations. • Bank had filed appeals against assessment orders for AY 2018-19, with appellate authority passing orders in October & December 2025. • The reassessment order in March 2024 had raised an additional demand of ~₹112.81 Cr (including interest). Impact: The refund is expected to boost the bank's liquidity position.

Yes Bank Limited

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